Business Briefs |

Business Briefs

Compiled by Susan Wood

Years after logging declined and the mill closed, a developer envisions ski trails snaking their way through the remaining trees on Dyer Mountain in Lassen County.

If Dyer Mountain Associates achieves its dream, it will be the first new ski resort in California in more than a quarter century, complete with golf courses and homes for some 8,000 people in this one-time company town where the Sierra Nevada bows to the Cascades.

The vision is a grand one, intended as a more affordable alternative to Lake Tahoe, 90 miles to the south. It is planned at a time when the ski industry remains flat following years of declines, but as California continues to grow.

Eco store now offers kites

Games and Kites of Tahoe has expanded its product line from ecological and environmental merchandise to goods specializing in educational games and activities, the South Shore company reported recently.

Blockbuster bid for rival extended

Blockbuster Inc., the world’s largest video rental chain, reported a slim profit for the fourth quarter a week ago in contrast to a loss a year ago, but said it would restate certain financials to correct lease accounting errors.

The company also said Wednesday it has extended its nearly $1 billion offer for rival Hollywood Entertainment Corp. to Thursday from its prior expiration date of March 11. The board of Hollywood Entertainment has told shareholders they should reject Blockbuster’s bid in favor of a lower offer valued at about $900 million from a third video rental company, Movie Gallery Inc.

ACE Awards deadline

The deadline to enter the ACE Awards is noon March 31. Entrants for the advertising and marketing competition, which is sponsored by the American Marketing Association, may submit work to AMA ACE Awards; Pioneer Center for the Performing Arts; Attn: Samantha Fleischer; 100 S. Virginia St.; Reno, NV 89501.

Profits up for energy company

The parent company of Nevada’s two major utilities, Sierra Pacific Resources, ended 2004 with a second straight profitable quarter and an annual earnings in the black as well after a series of gloomy reports since the 2001 energy crisis, the company reported a week ago.

The holding company earned $28.6 million in fiscal 2004, up from a loss of $140.5 million a year earlier.

For Northern Nevada, Sierra Pacific Power earned $14.7 million in 2004 after a $27.2 million loss the year before.

Award for Charter Advertising

The Advertising Association of Northern Nevada recently presented Charter Advertising/Design with three ADDY Awards for their advertising efforts involving three local businesses: The Blue Water Bistro, Tahoe Turf and Caesars Tahoe.

Bruce Rettig, Betty Barsamian and Jim Barr worked on the campaigns.

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